New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Pacific Edge’s (PEB) 4Q23 test volumes highlight ongoing solid momentum with +42% year on year growth. Sequential growth was +14% with Q4 typically seasonally strong post insurance resets.</li><li>e are comfortable with current market expectations (FY23 revenue of NZ$21.3m) but will look for more colour through the day.</li><li>While in-line with expectations, US test volumes per clinician continue to be flat.</li></ul>

Pacific Edge’s (PEB) 4Q23 test volumes highlight ongoing solid momentum with +42% year on year growth. Sequential growth was +14% with Q4 typically seasonally strong post insurance resets.e are comfortable with current market expectations (FY23 revenue of NZ$21.3m) but will look for more colour through the day.While in-line with expectations, US test volumes per clinician continue to be flat.

Pacific Edge (PEB): 4Q23 Update – Solid Momentum but LCD Uncertainty Remains